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Google analyst sees falling revenue and board conflict
Between the Lines — ... It’s hard to argue with those pressures or the fact that Chowdhry is cutting Google’s revenue estimates. Chowdhry estimates that revenue excluding traffic acquisition costs will fall from $15.71 billion to $15.23 billion in 2009 to $14.57 billion in 2010. Earnings will fall from $19.44 a share in 2008 to $19.24 a share in 2009 to $17.98 a share in 2010. Tech Trader Daily notes that falling revenue would be bad news for Google shareholders, but I find Chowdhry’s other comments more notable. Chowdhry argues that Microsoft is competing more effectively against Google. You’d ...

Can Google Really See a Decline in Revenues?
WatchMojo.com Business & Technology — Could Google possibly be looking at two straight years of lower revenues?  First, let’s look at Google’s historical revenue growth: Then, let’s consider the horror.  Via Barron’s: Global Equities Research analyst Trip Chowdhry laid out in a research note today. He sees the company posting revenues of $15.71 billion this year, $15.23 billion next year and $14.57 billion in 2010, with profits of $19.44 a share this year, $19.24 next year and $17.98 for ...

Google Down Year to Year?
John Battelle's Searchblog — Now that's what I call a bear market. Analyst Trip Chowdhry claims Google will shrink in annual revenues and profits, slash 10-15% of its workforce, and in the comments on Eric's post (which I link to above), one guy says Google is cutting its holiday Christmas party in the UK! None of this sounds reasonable to me. The web will keep growing through this recession. So will Google. Not as fast, of course, but...this feels like the same kind of speculation that inflated the first dot com bubble - only inverted. ...

Analyst: Google Revenues Will Shrink Till 2010 (GOOG)
Silicon Alley Insider — ... 'Our research indicates that the challenging macro-economic conditions continue to worsen Google's advertising driven consumer Internet business,' he writes, according to Barron's. ...

New From Google Labs: Google Layoffs?
Digital Daily — ... In a dismal research note issued this week, Chowdry suggests Google is headed for a two-year revenue contraction, one that could force the company to sack as much as 15 percent of its staff. “Our research indicates that the challenging macro-economic conditions continue to worsen Google’s advertisement driven Consumer Internet business,” ...

Google to Curb Expenses as Wall Street Cuts Estimates on Google
eWeek - RSS Feeds — ... sectors, Bank of America slashed its Google stock price target by 23 percent and cut its fourth-quarter and 2009 profit estimates for the search giant. The bank doubts Google's viability to maintain strength in its core search ad business. Bank of America cut its price target on Google shares to $500 from $650 and lowered by 50 cents its profit view for the fourth quarter to $4.74 a share from $5.24, and for 2009 to $21.45 a share from $22.79. Global Equities Research analyst Trip Chowdry offered a more dire scenario in reducing his estimates on Google.